US Stock Market Move | Alibaba Group Holding Limited Sponsored ADR (BABA.US) rises nearly 2% in pre-market trading. Quark AI glasses go on sale and receive positive outlook from Morgan Stanley.

22:14 01/12/2025

On Monday, Alibaba (BABA.US) rose nearly 2% in pre-market trading, reaching $160.30.

On Monday, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose nearly 2% in pre-market trading, reaching $160.30. On the news front, Quark AI glasses were officially launched for sale, offering a total of six products in two series, S1 and G1. Quark AI glasses are equipped with the Thousand Questions Assistant, which has integrated Alipay, Gaode Maps, Taobao, Fliggy, Ali Trip, and other core scenes of the Alibaba ecosystem, initially providing the ability to assist users in the physical world and help them with tasks. The release of Quark AI glasses is a key step for Alibaba to migrate large-scale model capabilities from the virtual world to the physical world. Alibaba Group Holding Limited Sponsored ADR, with the combination of "cloud base + universal thousand questions," has been established by Morgan Stanley as the "best AI enabler in China." Morgan Stanley says that Alibaba's attractiveness in the B-end is rapidly approaching and is expected to surpass the current market favorite, DeepSeek, within three years.

XIANGXING INT (01732) plans to acquire approximately 29% of the shares of Sijiing Holdings (Hong Kong) through a partial tender offer at a discount of about 7.89%. Trading will resume on December 2nd.

HOPE LIFE INT (01683) plans to acquire the remaining 30% stake in Jiangxi Zhongniang Liquor Industry for HK$41 million.

SMART FISH (00139) collectively sells 65.356 million shares of SDHG (00412) for a cash-out of approximately HK$324 million.

HOPE LIFE INT (01683) plans to acquire the remaining 30% stake in Jiangxi Zhongniang Liquor Industry for HK$41 million.

SMART FISH (00139) collectively sells 65.356 million shares of SDHG (00412) for a cash-out of approximately HK$324 million.